US stocks today: Nasdaq ends over 1% lower as AI worries persist
Economic Times 2 hrs ago·2 Nov 2026, 9:20 pm
US equity markets took a hit on Monday, with the Nasdaq Composite falling more than 1% to close lower. The S&P 500 also dropped, driven by weakness in major technology names. Apple shares slipped ahead of its upcoming earnings report, while Oracle dropped after announcing plans to raise $20 billion. Investors are closely watching these developments ahead of the tech giant's results.
The decline highlights persistent investor anxiety regarding the massive capital expenditures required for Artificial Intelligence projects. While falling oil prices provided some market relief, the focus remains on Big Tech's earnings. Investors are looking for clarity on whether these heavy investments will eventually translate into strong profit growth. The upcoming earnings season will be critical in determining the sector's future direction.
Key takeaways
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
